Radnor Capital Management LLC Sells 6,125 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

Radnor Capital Management LLC lessened its stake in American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 58.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,293 shares of the company's stock after selling 6,125 shares during the period. Radnor Capital Management LLC's holdings in American Electric Power were worth $469,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of American Electric Power during the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of American Electric Power in the 4th quarter worth approximately $28,000. Fairway Wealth LLC purchased a new stake in shares of American Electric Power during the fourth quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of American Electric Power during the fourth quarter valued at $35,000. Finally, Kestra Investment Management LLC purchased a new position in shares of American Electric Power during the fourth quarter valued at approximately $35,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American Electric Power Trading Down 0.0%

Shares of NASDAQ:AEP traded down $0.03 during trading on Wednesday, hitting $101.84. The company had a trading volume of 1,224,532 shares, compared to its average volume of 3,192,046. The stock has a market cap of $54.40 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.42. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.44 and a quick ratio of 0.31. The company has a fifty day simple moving average of $104.16 and a two-hundred day simple moving average of $101.05. American Electric Power Company, Inc. has a one year low of $85.93 and a one year high of $110.48.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. American Electric Power had a return on equity of 11.27% and a net margin of 15.08%. The company had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same period last year, the company earned $1.27 earnings per share. American Electric Power's revenue was up 8.7% on a year-over-year basis. As a group, equities analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 9th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Friday, May 9th. American Electric Power's payout ratio is currently 71.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AEP shares. Wells Fargo & Company boosted their price target on American Electric Power from $107.00 to $114.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 7th. Barclays increased their price objective on shares of American Electric Power from $95.00 to $106.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. UBS Group boosted their price target on shares of American Electric Power from $95.00 to $100.00 and gave the stock a "sell" rating in a research note on Friday, June 6th. Morgan Stanley decreased their target price on American Electric Power from $114.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Finally, BMO Capital Markets increased their price target on American Electric Power from $111.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, American Electric Power presently has a consensus rating of "Hold" and an average price target of $107.75.

Insider Buying and Selling at American Electric Power

In other American Electric Power news, EVP Quinton S. Lies sold 10,141 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $102.68, for a total value of $1,041,277.88. Following the completion of the sale, the executive vice president now directly owns 9,658 shares in the company, valued at approximately $991,683.44. This represents a 51.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Matthew Feinberg sold 8,057 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $102.94, for a total value of $829,387.58. Following the transaction, the executive vice president now directly owns 26,298 shares in the company, valued at $2,707,116.12. The trade was a 23.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,256 shares of company stock valued at $2,688,472 in the last quarter. 0.07% of the stock is owned by insiders.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.